OverviewSuggest Edit
IPG Photonics is a company manufacturing high-power fiber lasers, fiber amplifiers, hybrid fiber or solid-state, and diode lasers. Its products are used in materials processing, communications, medical and advanced applications. The company also manufactures optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, chillers, and other complementary products.
| Type | Public | |
| Founded | 1990 | |
| HQ | Oxford, MA, US | Map |
| Website | ipgphotonics.com | |
| Employee Ratings | More | |
| Overall Culture | B+ | More |
Recent NewsAll News
Key People/Management at IPG Photonics
Valentin P. Gapontsev
Chief Executive Officer and Chairman of the Board
Igor Samartsev
Chief Technology Officer & Director
Jeanmarie F. Desmond
Director
Eugene Scherbakov
Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy P.V. Mammen
Chief Financial Officer and Senior Vice President
Alexander Ovtchinnikov
Senior Vice President, Components
IPG Photonics Office Locations
IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 31 other locations
Oxford, MA, US (HQ)
50 Old Webster Rd
Anaheim, CA, US
3150 La Palma Ave
Birmingham, AL, US
100 Lucerne Ln
Dallas, TX, US
3400 Carlisle St #210
Fridley, MN, US
5110 Main St NE #1400
Marlborough, MA, US
377 Simarano Dr, Marlborough
IPG Photonics Financials and Metrics
IPG Photonics Revenue
IPG Photonics's revenue was reported to be $1.20 b in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 1.2b |
Gross profit (FY, 2020) | 539.0m |
Gross profit margin (FY, 2020), % | 44.9% |
Net income (FY, 2020) | 160.3m |
EBIT (FY, 2020) | 198.7m |
Market capitalization (26-Feb-2021) | 12.2b |
Closing stock price (26-Feb-2021) | 227.4 |
Cash (31-Dec-2020) | 876.2m |
EV | 11.3b |
IPG Photonics's current market capitalization is $12.2 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 285.8m | 369.4m | 392.6m | 359.9m | 413.6m | 356.3m | 315.0m | 363.8m | 329.1m | 249.2m | 296.4m | 318.4m |
Cost of goods sold | 128.6m | 163.1m | 168.1m | 156.5m | 178.6m | 161.2m | 166.1m | 183.5m | 176.3m | 146.4m | 160.0m | 165.6m |
Gross profit | 157.3m | 206.3m | 224.6m | 203.4m | 235.0m | 195.2m | 148.9m | 180.2m | 152.9m | 102.9m | 136.4m | 152.8m |
Gross profit Margin, % | 55% | 56% | 57% | 57% | 57% | 55% | 47% | 50% | 46% | 41% | 46% | 48% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 697.8m | 808.1m | 880.3m | 969.1m | 816.8m | 647.6m | 548.9m | 530.0m | 580.3m | 570.1m | 747.9m | 763.9m |
Accounts Receivable | 180.2m | 237.3m | 226.8m | 235.5m | 242.1m | 251.6m | 231.9m | 273.7m | 252.9m | 200.6m | 203.6m | 240.4m |
Prepaid Expenses | 44.1m | 44.5m | 46.7m | 54.7m | 51.9m | 50.0m | 61.4m | 70.7m | 65.9m | 64.5m | 68.1m | 58.9m |
Inventories | 261.9m | 260.7m | 282.5m | 356.4m | 376.0m | 397.4m | 417.8m | 426.0m | 417.2m | 363.4m | 367.2m | 370.3m |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 74.9m | 179.0m | 294.6m | 106.3m | 228.0m | 328.7m | 54.9m | 127.4m | 184.6m | 36.8m | 75.1m | 110.7m |
Depreciation and Amortization | 14.5m | 29.7m | 46.4m | 19.2m | 38.7m | 58.9m | 22.8m | 47.5m | 72.5m | 24.1m | 47.4m | 71.2m |
Inventories | (22.4m) | (25.8m) | (39.7m) | (49.7m) | (91.0m) | (122.1m) | (19.7m) | (40.8m) | (51.0m) | (10.4m) | (15.2m) | (34.2m) |
Accounts Payable | (1.6m) | 1.9m | 3.4m | 1.1m | 9.5m | (1.3m) | 2.0m | (445.0k) | (8.1m) | 6.1m | 13.2m | 8.8m |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 237.9k |
Financial Leverage | 1.1 x |
IPG Photonics Operating Metrics
IPG Photonics's Backlog was reported to be $712.3m in FY, 2018. IPG Photonics's Units Shipped was reported to be 43 k in FY, 2018. IPG Photonics's Enterprise Customers was reported to be 4.3 k in FY, 2018.
IPG Photonics Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Laser Depth Dynamics | December 04, 2017 | |
| Innovative Laser Technologies | June 19, 2017 | $40 m |
| Menara Networks | May 09, 2016 | |
| JPSA | September 04, 2012 | |
| IPG Laser GmbH | ||
| NTO IRE-Polus |
IPG Photonics Revenue Breakdown
IPG Photonics revenue breakdown by business segment: 5.9% from Other Applications and 94.1% from Materials Processing
IPG Photonics revenue breakdown by geographic segment: 43.1% from China, 13.9% from North America, 8.7% from Other Asia and Australia, 6.0% from Japan, 20.3% from Other Europe including Eastern Europe/CIS, 7.6% from Germany and 0.3% from Other
IPG Photonics Cybersecurity Score
IPG Photonics Environment, Social & Governance (ESG) Ratings
IPG Photonics Online and Social Media Presence
650 Twitter followers
IPG Photonics has 650 Twitter Followers. The number of followers has increased 2.7% month over month and increased 5.4% quarter over quarter
IPG Photonics's Trends
IPG Photonics Company Culture
Overall Culture
B+
77/100
CEO Rating
A+
85/100
Compensation
C
65/100
IPG Photonics News and Updates
February 16, 2021
IPG Photonics Announces Fourth Quarter 2020 Financial Results
Company Ends 2020 with Year-Over-Year Growth in Sales and Strong Bookings
February 02, 2021
IPG Photonics to Announce Fourth Quarter 2020 Financial Results on February 16
OXFORD, Mass., Feb. 02, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its fourth quarter 2020 financial results before the market opens on Tuesday, February 16, 2021. The company will hold a conference call to review these results at 10:00 a.m. ET that same day. To…
January 07, 2021
IPG Photonics Further Strengthens Board with Addition of Jeanmarie Desmond and Natalia Pavlova
OXFORD, Mass., Jan. 07, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that the Company has appointed Ms. Jeanmarie Desmond and Ms. Natalia Pavlova to its board of directors, effective January 7, 2021. Mr. Igor Samartsev, the Company’s chief technology officer, i…
October 30, 2020
IPG Photonics Announces Third Quarter 2020 Financial Results
Revenue of $318 Million Exceeds the Top End of the Guidance Range
October 16, 2020
IPG Photonics to Announce Third Quarter 2020 Financial Results on October 30
OXFORD, Mass., Oct. 16, 2020 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its third quarter 2020 financial results before the market opens on Friday, October 30, 2020. The company will hold a conference call to review these results at 10:00 a.m. ET that same day. To ac…
September 21, 2020
Laser developer IPG Photonics hit by a ransomware attack
Nasdaq-listed U.S. laser company IP Photonics Corp. has been hit by a ransomware attack that shut down saw its information technology systems worldwide. First reported Friday by Bleeping Computer, the ransomware attack involved the RansomExx strain of ransomware, sometimes also dubbed Ransom X. Ran…
IPG Photonics Frequently Asked Questions
When was IPG Photonics founded?
IPG Photonics was founded in 1990.
Who are IPG Photonics key executives?
IPG Photonics's key executives are Valentin P. Gapontsev, Igor Samartsev and Jeanmarie F. Desmond.
How many employees does IPG Photonics have?
IPG Photonics has 5,960 employees.
What is IPG Photonics revenue?
Latest IPG Photonics annual revenue is $1.2 b.
What is IPG Photonics revenue per employee?
Latest IPG Photonics revenue per employee is $201.5 k.
Who are IPG Photonics competitors?
Competitors of IPG Photonics include Thorlabs, Maxphotonics and nLIGHT.
Where is IPG Photonics headquarters?
IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.
Where are IPG Photonics offices?
IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 31 other locations.
How many offices does IPG Photonics have?
IPG Photonics has 36 offices.
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